The Energy business will continue to capitalise on the growing focus on energy issues and to leverage the global digital transformation momentum. Many countries are increasing the share of electricity, particularly from renewable sources, in their energy mix. Thanks to their position across the entire electric power value chain – in production, transmission, transformation and distribution – these business lines can play a key role in this fundamental trend, which the current energy sufficiency agenda is helping to consolidate. Combined with the need for digital transformation, this deep-seated shift will require considerable investments aimed at accelerating the renewal of buildings, networks and production sites.
VINCI Energies is playing an active role in this process by emphasising the environmental dimension of its solutions in order to help its customers reduce their carbon footprint. Thanks to a buoyant environment, a robust order book and full integration of its latest acquisitions, VINCI Energies should enjoy further growth in its business volume and a stronger operating margin in 2023.
For its part, Cobra IS expects revenue to increase by at least 10%, driven both by the ramp-up of recently won major EPC (Engineering, Procurement and Construction) projects – which are in direct relation with the energy transition – and by a good level of performance in its flow business. In renewable energy production, 2023 will open a new chapter for the Group as the 0.6 GW Belmonte photovoltaic complex in Brazil begins producing electricity. Construction on projects in Spain and Latin America totalling a further 1.4 GW is expected to start in the coming months.
